U.S. Economy

It is theoretically possible that through huge gains in productivity, the US could escape inflation and stave off a recession. But don’t count on it.

During February 2022, year-over-year (YOY) growth in the money supply was at 7.1 percent. That's up from January's rate of 6.8 percent, and down from the February 2021 rate of 39.1 percent. Growth peaked in February 2021.

In contrast to the Keynesians and Friedmanites, Rothbard showed how Austrian economists can understand the stagflation phenomenon through price theory and capital theory. Interest rates must be raised in order to flush out malinvestments.

Jeff and Bob discuss the dynamics of the housing market in the context of a recent talk by Alex Pollock.

The Henry Hazlitt Memorial Lecture, sponsored by Yousif Almoayyed.

The US trade deficit is an American problem. It is the result of insufficient savings at home and a widening budget deficit. 

Murray Rothbard, writing in 1971, blasted both the Nixon administration and the erstwhile "free-market" conservatives, basking in the seats of power, who betrayed whatever principles they may have had for the service of the state.

Ryan McMaken and Tho Bishop talk about this year's Austrian Economics Research Conference.

Ryan and Tho look at the economic consequences of Russia's invasion of Ukraine.

This week, Jeff and Bob discuss oil prices. Why are gas prices spiking in the US, and what are D.C. politicians planning for oil companies?